See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $16,394 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,520 | $102,514-38.0% | $97,995-35.2% | $62,292+2.0% |
| Participation rate | 25.8% | 79.5%-53.7pp | 82.4%-56.6pp | 69.5%-43.8pp |
| Annual return | 16.27% | 32.43%-16.2pp | 23.94%-7.7pp | 28.90%-12.6pp |
| Employer contribution / active EE | $0 | $3,689-100.0% | $4,158-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $1,124 | $5,308-78.8% | $5,097-77.9% | $3,169-64.5% |
| Admin fee / account holder | $241 | $378-36.3% | $5,943-95.9% | $479-49.7% |